European Shares Rise As Trump Meets China's Liu

European stocks were broadly higher on Friday as optimism over U.S.-China trade talks prevailed and investors counted on more stimulus from Beijing to lift growth.

U.S.-China talks are entering a more serious phase with U.S. President Donald Trump scheduled to meet with Chinese Vice Premier Liu He in the White House today, with the goal of reaching a trade deal ahead of a March 1 deadline.

The pan European Stoxx 600 was up 0.1 percent at 370.81 in opening deals after declining 0.3 percent in the previous session.

The German DAX was rising 0.2 percent, while France's CAC 40 index and the U.K.'s FTSE 100 were moving up around 0.3 percent.

Chipmaker ASM International soared 7.3 percent after it reported record high orders in the fourth quarter.

In economic releases, Germany's economy stagnated in the final three months of the year, thus narrowly avoiding a technical recession, latest data from the Federal Statistical Office confirmed.

The Munich-based Ifo economic institute said its business climate index, based on a monthly survey of companies, declined to 98.5 this month, the lowest level since November 2014, from 99.1 last month.

Euro zone headline consumer inflation fell 1.0 percent sequentially in January, Eurostat said. That came in line with the previous estimates and matched expectations.